Geller Advisors LLC Purchases 19 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Geller Advisors LLC boosted its position in Ameriprise Financial, Inc. (NYSE:AMP) by 2.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 878 shares of the financial services provider’s stock after buying an additional 19 shares during the period. Geller Advisors LLC’s holdings in Ameriprise Financial were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMP. Sequoia Financial Advisors LLC increased its holdings in shares of Ameriprise Financial by 9.4% during the second quarter. Sequoia Financial Advisors LLC now owns 3,551 shares of the financial services provider’s stock worth $1,517,000 after purchasing an additional 305 shares during the period. Diversified Trust Co grew its position in Ameriprise Financial by 4.2% during the second quarter. Diversified Trust Co now owns 7,545 shares of the financial services provider’s stock worth $3,223,000 after buying an additional 303 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Ameriprise Financial by 23.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,529 shares of the financial services provider’s stock worth $12,615,000 after acquiring an additional 5,692 shares during the period. ORG Partners LLC acquired a new position in Ameriprise Financial in the 2nd quarter valued at $205,000. Finally, PGGM Investments lifted its position in shares of Ameriprise Financial by 15.1% during the 2nd quarter. PGGM Investments now owns 32,237 shares of the financial services provider’s stock valued at $13,771,000 after acquiring an additional 4,222 shares during the period. 83.95% of the stock is owned by institutional investors and hedge funds.

Ameriprise Financial Stock Down 1.4 %

Shares of NYSE AMP opened at $553.83 on Tuesday. The company has a 50 day simple moving average of $532.92 and a 200 day simple moving average of $468.55. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.65. Ameriprise Financial, Inc. has a 1 year low of $358.89 and a 1 year high of $577.00. The firm has a market cap of $53.73 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 0.98 and a beta of 1.34.

Ameriprise Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Monday, November 4th. Ameriprise Financial’s payout ratio is currently 22.73%.

Insider Transactions at Ameriprise Financial

In other Ameriprise Financial news, insider Gumer Alvero sold 2,325 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $516.05, for a total value of $1,199,816.25. Following the sale, the insider now owns 4,669 shares in the company, valued at approximately $2,409,437.45. The trade was a 33.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Walter Stanley Berman sold 8,655 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $564.16, for a total value of $4,882,804.80. Following the transaction, the chief financial officer now owns 6,409 shares of the company’s stock, valued at $3,615,701.44. This trade represents a 57.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,715 shares of company stock worth $11,983,436. Company insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Morgan Stanley boosted their price target on Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Royal Bank of Canada boosted their price target on Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. UBS Group raised their price objective on Ameriprise Financial from $490.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their target price on Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their price target for the company from $485.00 to $476.00 in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $487.67.

Ameriprise Financial Profile

Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.